In this paper we examine the determinants of ex-ante state capture analyzing all the legal acts that have been passed in the period 1990-2011 in Poland. We find that during this the majority of legal acts were passed with the aim to satisfy the interest of particular groups. Furthermore, the...

This article reviews the state's role in the transition economies of Central and Eastern Europe. Among the countries, Poland is perceived as the leader because it was the first economy to emerge from the decline following the transition, as well the only EU member state to survive the crisis...

The results of empirical research confirm that a well-functioning and developed financial sector fosters economic growth. Additionally, financial deepening has a significantly larger impact on the poorest parts of societies, thus playing a critical role in reducing income inequality and poverty....

The presence of structural breaks reduces the power of integration tests. A number of methods were suggested to improve the statistical properties of integration tests in the presence of structural breaks. The most known are Perron tests, which allow to test for the level of integration of time...